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Report Launch: The Economic Impact Of Smart Ledgers On World Trade



Tuesday, 19 April 2018






The Furniture Makers Hall, 12 Austin Friars, London EC2N 2HE


Professor Michael Mainelli
Z/Yen Group
Graham Brough
Cristian Niculescu-Marcu
Beatriz Cruz

Centre for Economics and Business Research




The Distributed Futures research programme produced a report entitled “The Economic Impact of Smart Ledgers On World Trade” as part of a series of exciting projects in the programme.

The formal report launch and discussion were held on Thursday 19 April, from 08:45 to 10.45. The launch event was an opportunity for attendees to join the discussion on the findings of the report, which is intended to inform policy makers and business people making decisions about moving towards Smart Ledgers.

The report features a description of the econometric approach, which maps trade frictions that Smart Ledger technology might be able to offset, especially in the realm of non-tariff and bureaucratic barriers to trade. The report also includes the results of a global survey of 247 contract and commercial managers, which focused on their awareness and use of Smart Ledgers, the importance they attach to various aspects, and the areas of ‘pain’ that could be relieved by the adoption of Smart Ledger technology. There are some truly insightful results.


Presentation Slides (Click Here)  

Report (Click Here)  


Report Launch: The Economic Impact Of Smart Ledgers On World Trade

Date: Thursday, 19 April, 2018

Time: 08:45 to 10:45

Venue: The Furniture Makers Hall, 12 Austin Friars, London EC2N 2HE



  • 08:45 - Registration opens
  • 09:00 - Introduction & background, by Professor Michael Mainelli, Executive Chairman, Z/Yen Group
  • 09:15 - “The Economic Impact Of Smart Ledgers On World Trade”: Report walkthrough from Cebr (Graham Brough, Cristian Niculescu-Marcu, Beatriz Cruz)
  • 10:00 - Panel discussion and questions
  • 10:40 - Formal Close


View the Infographic related to the report, as well as Distributed Futures’ other Events and Publications. 


The Worshipful Company of World Traders, along with the Z/Yen and Long Finance’s Distributed Futures research programme, sponsored by the Cardano Foundation, commissioned Cebr (Centre for Economic and Business Research) to quantify the potential impact of Smart Ledger technology on international trade. Smart Ledgers are based on a combination of mutual distributed ledgers (multi-organisational databases with a super audit trail) with embedded programming and sensing, thus permitting semi-intelligent, autonomous transactions. Smart Ledgers are touted as a technology for fair play in a globalised world. There are numerous projects building trade systems using this technology with announcements from governments, shipping firms, large IT firms, and the like.

Z/Yen and Long Finance would like to acknowledge the significant contribution of the following:

The Worshipful Company of World Traders, Cardano Foundation, IACCM, the City of London Corporation, and the Centre for Economics and Business Research.